The Industrial Valves Market Analysis, which in 2023 was worth USD 79.52 Billion, is expected to be USD 107.50 billion by 2030, growing at a CAGR of 4.40% during the period of growth.

Segment by Type Market Estimation & Definition

Industrial valves are simply mechanical apparatuses that use multiple parts, both motion and stationary, which adjust flow of the fluids (such as gas, liquid, or slurry) in an industrial application by regulating, directing or controlling the flow. These valves control the opening, shutting or partial blockage of passageways to enable industrial processes to function safely and effectively. Pumps plays an important role in various applications such as oil and gas, power generation, chemical, power generation, wastewater, and food and beverage industries.

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Driver & Opportunity of Growth in Market

A myriad of factors governing the industrial valves market growth includes the following:

Over the span of a few years, leading economies were able to establish firm footing in a variety of industrial sectors, creating heavy demand for industrial valves, particularly in the oil and gas, power generation, and water treatment sectors.

Technological Developments: Upgrading in valve technology has improved efficiency, efficiency, and safety. Smart valves embedded with digital technologies, such as IoT and advanced analytics for health and performance monitoring, real-time status and predictive maintenance are all significantly reducing downtime and operational costs.

Energy Demand and Power: As the world continues to focus its attention on energy generation while developing new power plants, the demand for industrial valves has increased. These valves are instrumental in controlling the flow of diverse fluids in power generation processes to ensure operational efficiency and safety.

As urbanization and population grow, the need for effective water management systems have also increased. First and foremost, urban water management is not limited to water supply systems, but also necessitates wastewater management, especially in cities. Industrial valves play an essential role in a water and wastewater treatment plant, as it controls the flow and pressure of water, which indirectly contributes to resource management.

Oil and Gas Industry Growth: The oil and gas industry continues to be a major end user of the industrial valve. As the world continues to explore and produce oil and gas, especially in top emerging markets, the need for efficient valves that are capable of sustaining the infrastructure to extract, transport, and process them will continue (site) to grow alongside it.

Segmentation Analysis

Based on the material type, the industrial valves market is segmented into brass, plastic, and cryogenic.

By Material Type:

Stainless Steel: It is the most widely used valve material for industrial applications owing to its resistance towards corrosion, strength and mechanical properties in a wide range of media. It is durable enough for high-environment, high-reliability applications.

Cast Iron: Cast iron is one of the basic materials for the valves. They provide an economical option for water and wastewater treatment facilities.

Alloy-based Valves: With materials such as chromium and nickel, alloy-based valves offer high strength under extreme temperatures and pressures, making them a preferred option for some specialized industrial process.

All others: Includes materials like brass and bronze, plastic, etc which are chosen depending on the application needs (cost, chemicals compatibility, etc)

By Size:

1" TO 6": These are the most common sizes for valves production as they can be used in a variety of applications in different processes involving industrial and mechanical. They are often used in pipelines and systems requiring some flow control.

Size Range: 6" to 25": These valves are used for applications that need to handle bigger flow quantities such as oil and gas pipelines and large water distribution networks.

25" to 50": Valves of this size are used in heavy industrial applications such as working in power plants and petrochemical sectors where there is an enormous flow control requirment.

50"+ and Up: Found in specific fields, large valves are powerful components in industries such as hydroelectric power generation and major water infrastructure projects.

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By Valve Type:

Ball Valves: Featuring a spherical disc for flow control, ball valves are known for their robustness and superior sealing properties. These are widely used in applications where tight sealing and reliability are a must.

Gate Valves Gate valves are used to help start and stop the flow of liquid by sliding the gate up and down in the path of the fluid. These cartridges are appropriate for lower-pressure-drop applications.

Butterfly valves: These valves are employed to shut or control the flow and are suited for quick operation, often used in systems with a requirement of rapid shut-off. They are both light and space efficient.

Check valves: They are used to prevent the backflow of fluids and maintain the one-way flow in the system to avoid any damage to the equipment from the reverse flow.

Plug valves: These valves have a simple design, used for on-off & throttling services with a straight through passage which provides low resistance.

Diaphragm Valves: Flow is controlled by a flexible diaphragm, ideal for applications with corrosive fluids and are popular in pharmaceutical and food industries.

Others: This segment includes specialized valves such as pinch valves and safety valves, which are used for specific industrial applications requiring unique flow control solutions.

Industrial Valves Market, Key players:

1. Emerson
2. Weir Group PLC
3. Flowserve
4. Cameron - Schlumberger
5. IMI PLC
6. Spirax Sarco
7. Crane Co.
8. Kitz Corporation
9. Metso Corporation
10. Neway Valve (Suzhou) Co., Ltd.
11. Velan Inc.
12. Samson AG

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